News

BSTDB CONTRIBUTES TO MODERNISATION OF GREEK REGIONAL AIRPORTS

Date: 27-Mar-2017

The Black Sea Trade and Development Bank joined forces with Alpha Bank, EBRD, EIB and IFC to provide a long-term financing of EUR 968,4 million to Fraport Greece, a consortium of Fraport AG Frankfurt Airport Services Worldwide and a leading Greek industrial conglomerate Copelouzos Group, for the modernisation of 14 regional airports, including the Macedonia airport of Thessaloniki (see a joint press release attached)

With BSTDB’s lending in excess of EUR 62 million, the Project represents the largest investment BSTDB has made in its member countries to date.

The Bank is attaching a great importance to supporting economic recovery and growth in Greece, a major Bank’s shareholder, in the current challenging economic environment.

Under BSTDB’s Country Strategy for Greece for the period of 2015-2018, the country’s share in the Bank’s outstanding portfolio is rapidly growing and now to exceed 12,8%, compared to 3,8% in 2015.